Visibly rattled
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 2nd June 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
AI Coins Ride The Boom
On an unusually unsettling morning — with stocks, bonds, commodities and cryptos all losing ground at the same time — a handful of big digital assets are shooting higher.
Among them are a pair of AI tokens, Humanity Protocol and Near Protocol. The latter’s native NEAR jumped 16% in the past 24 hours. Humanity’s H has tripled since last week.
The biggest daily gainer is the highly controversial LAB token which spiked more than 40% in 24 hours to about $20, a new record high, despite a series of allegations concerning insider manipulation. LAB, now CoinGecko’s 20th-largest coin, describes itself as a decentralized, multi-chain trading terminal. A venture capitalist, Simon Dedic, has called LAB a “laughably obvious scam.”
Meanwhile, a semiconductor stock, Marvell Technology, surged 22% in pre-market trading after Nvidia CEO Jensen Huang dubbed it the next trillion-dollar company. Marvell designs chips for data centers.
What's down
BTC Slips Sub-$68K After Strategy Sells
Bitcoin shed its $70K handle early today. Then, later in the morning, it let go of the $69K mark. Would $68K at least hold? Nope. This kind of turf hasn’t been touched since early February.
The palpably unnerving slide would seem to at least partly connect with Michael Saylor’s Strategy selling $2.5M worth of BTC. It’s not the amount but rather the signal being sent that Saylor’s conviction might be shaken and that potentially more sales could follow. As of 11:37 a.m. (EST), the largest coin hovered close to $67.1K, CoinGecko said.
What's next
Stablecoins Storm Payments Space
The advance of stablecoins into the cross-border payments realm reached another major milestone with MoneyGram’s move to launch its own dollar-backed asset, MGUSD, on the Stellar blockchain. “They are joining a growing wave of global payments companies and banks building products around digital dollars,” CoinDesk said.
SoFi recently introduced SoFiUSD, a dollar-backed stablecoin running on Ethereum and Solana. PayPal and Western Union, meanwhile, have partnered with crypto infrastructure providers in an effort to bring stablecoin services to customers, CoinDesk said.
MoneyGram’s MGUSD launch builds upon the company’s five-year partnership with the Stellar Development Foundation, which has been helping to innovate stablecoin-powered remittances. MGUSD, MoneyGram said, is meant to serve as a core piece of infrastructure across MoneyGram’s payments network, which reaches more than 60 million customers worldwide.
